#TrumpBTCTreasury đ§ #TrumpBTCTreasury â Whatâs Happening
1. Trumpâs Executive Order (March 6, 2025)
President Trump signed an executive order establishing a Strategic Bitcoin Reserve funded by BTC seized in federal forfeitures. This reserveâwhich the US wonât sellâfunctions like a digital Fort Knox. A Digital Asset Stockpile was also created for other confiscated cryptos .
The order directs the Treasury and Commerce Departments to devise budget-neutral methods for acquiring more Bitcoin without taxpayer funds .
2. Trump Media & Technology Group (TMTG) Bitcoin Treasury
In late May, TMTG (operator of Truth Social, majorityâowned by Trump) arranged a $2.5âŻbillion fundraising ($1.5âŻB via equity + $1âŻB via convertible notes) to establish its own corporate Bitcoin treasury .
On June 13, the SEC declared their Sâ3 registration effective, allowing that $2.3âŻBâ$2.5âŻB capital raise to legally proceed and be used to purchase BTC. TMTG plans to hold Bitcoin alongside their ~$759âŻM in cash & short-term securities .
TMTG also filed for a spot Bitcoin ETF, aiming to give shareholders direct crypto exposure .